Luxury hotels debut in Warsaw around 2020-2022

He added that it grants liability of the investment and adds on new areas to the project. Typically, the attached apartments and condominiums sell very well if developed together with a big-brand product. "What we saw over the last 10-15 years in Canada was the development of a number of new mixed-use products that provided both luxury condominiums and, say, a Four Seasons or a Ritz Carlton hotel in the same tower," Alex Kloszewski has said.

"Presently we work on two branded luxury products in Warsaw. We could enter the marketplace around 2020-2022. We do not think that there is enough space for five luxury projects in Warsaw. But certainly one or two projects in good locations with a total of 300-350 rooms, will quite frankly do very well," Alex Kloszewski of Hotel Professionals told Eurobuild CEE.